Mcdonald Capital Investors Position in Brookfield Asset Mgmt (BAM) Increased by $2.42 Million as Stock Price Declined; As Columbus Mckinnon N Y (CMCO) Share Price Declined, Shareholder Spitfire Capital Trimmed Stake by $1.30 Million

Brookfield Asset Management Inc. (NYSE:BAM) Logo

Mcdonald Capital Investors Inc increased its stake in Brookfield Asset Mgmt Inc (BAM) by 3.59% based on its latest 2018Q3 regulatory filing with the SEC. Mcdonald Capital Investors Inc bought 55,095 shares as the company’s stock declined 1.95% with the market. The hedge fund held 1.59M shares of the building operators company at the end of 2018Q3, valued at $70.78 million, up from 1.53 million at the end of the previous reported quarter. Mcdonald Capital Investors Inc who had been investing in Brookfield Asset Mgmt Inc for a number of months, seems to be bullish on the $38.96B market cap company. The stock decreased 0.02% or $0.01 during the last trading session, reaching $40.68. About 826,396 shares traded. Brookfield Asset Management Inc. (NYSE:BAM) has declined 3.10% since January 12, 2018 and is downtrending. It has underperformed by 3.10% the S&P500. Some Historical BAM News: 26/04/2018 – Brookfield Real Assets Income Fund Inc. Announces Portfolio Manager Update Call and Webcast; 27/03/2018 – Brookfield’s Underwhelming Bid For GGP Pushes Down Retail REITs; 21/05/2018 – Moody’s Affirms Brookfield Asset Management’s Baa2 Rating Following Change In Applicable Rating Methodology; Short Term P-2 Rating Also Affirmed; 15/05/2018 – Brookfield Asset Adds NuStar Energy, Exits SL Green: 13F; 18/05/2018 – BROOKFIELD ASSET MANAGEMENT TO BUY BACK UP TO 82.3M CLASS A SHR; 04/04/2018 – Brookfield’s GrafTech Aims to Raise Up to $907 Million in IPO; 21/03/2018 – Brookfield Will Acquire 25% Strategic Interest in Link Financial Group as Part of Agreement, With Option to Acquire Another 24.9% Interest; 21/03/2018 – LCM Partners and Brookfield Asset Management enter into strategic partnership; 03/04/2018 – Globe Mail [Reg]: Brookfield’s GrafTech seeking to raise more than $800-million in IPO; 16/05/2018 – MEDIA-Brookfield Asset Management looking to scale up lending to Indian real estate developers – Business Standard

Spitfire Capital Llc decreased its stake in Columbus Mckinnon Corp N Y (CMCO) by 10.22% based on its latest 2018Q3 regulatory filing with the SEC. Spitfire Capital Llc sold 33,418 shares as the company’s stock declined 25.45% with the market. The hedge fund held 293,528 shares of the construction and ag equipment and trucks company at the end of 2018Q3, valued at $11.61 million, down from 326,946 at the end of the previous reported quarter. Spitfire Capital Llc who had been investing in Columbus Mckinnon Corp N Y for a number of months, seems to be less bullish one the $766.91M market cap company. The stock increased 1.55% or $0.5 during the last trading session, reaching $32.85. About 86,047 shares traded. Columbus McKinnon Corporation (NASDAQ:CMCO) has declined 18.66% since January 12, 2018 and is downtrending. It has underperformed by 18.66% the S&P500. Some Historical CMCO News: 16/05/2018 – Columbus McKinnon Closes Above 50-Day Moving Average; 23/05/2018 – COLUMBUS MCKINNON APPOINTS AZIZ S. AGHILI TO BOARD OF DIRECTORS; 26/03/2018 – COLUMBUS MCKINNON BOOSTS QTRLY DIV TO $0.05/SHR; 29/03/2018 – COLUMBUS MCKINNON – SHAREHOLDER RIGHTS PLAN HAS BEEN AMENDED TO ACCELERATE EXPIRATION DATE TO MARCH 31, 2018; 23/05/2018 – Columbus McKinnon Names Aziz S. Aghili to Bd of Directors; 11/05/2018 – Cortina Asset Buys New 2% Position in Columbus McKinnon; 21/04/2018 – DJ Columbus McKinnon Corporation, Inst Holders, 1Q 2018 (CMCO); 29/03/2018 – COLUMBUS MCKINNON – DIRECTORS UNANIMOUSLY APPROVED TERMINATION OF CO’S RIGHTS AGREEMENT, WHICH WAS ORIGINALLY SCHEDULED TO EXPIRE ON MAY 18, 2019; 25/04/2018 – Rice Hall James Buys New 1.5% Position in Columbus McKinnon; 30/05/2018 – Columbus McKinnon Expects 1Q Rev to Grow 7%-9% Including FX Benefit

More notable recent Brookfield Asset Management Inc. (NYSE:BAM) news were published by: Investorplace.com which released: “7 Canadian Stocks to Buy in 2019 – Investorplace.com” on December 26, 2018, also Seekingalpha.com with their article: “Taubman Centers: Why Price Matters – Seeking Alpha” published on November 26, 2018, Seekingalpha.com published: “Brookfield Infrastructure Partners: Hunting For Growth – Seeking Alpha” on August 14, 2018. More interesting news about Brookfield Asset Management Inc. (NYSE:BAM) were released by: Investorplace.com and their article: “7 Renewable Energy Stocks to Buy for Sunny Long-Term Returns – Investorplace.com” published on January 09, 2019 as well as Seekingalpha.com‘s news article titled: “After Solid Quarter, Harley-Davidson And Its International Growth Are Cheap – Seeking Alpha” with publication date: November 26, 2018.

Among 10 analysts covering Brookfield Asset Management Inc. (NYSE:BAM), 10 have Buy rating, 0 Sell and 0 Hold. Therefore 100% are positive. Brookfield Asset Management Inc. has $65 highest and $36 lowest target. $46.50’s average target is 14.31% above currents $40.68 stock price. Brookfield Asset Management Inc. had 35 analyst reports since August 10, 2015 according to SRatingsIntel. Citigroup initiated Brookfield Asset Management Inc. (NYSE:BAM) on Thursday, January 19 with “Buy” rating. The firm has “Outperform” rating by Wood given on Tuesday, May 24. The firm has “Outperform” rating by RBC Capital Markets given on Thursday, October 8. RBC Capital Markets maintained it with “Buy” rating and $42 target in Tuesday, June 20 report. The firm has “Outperform” rating by RBC Capital Markets given on Friday, February 10. The company was maintained on Tuesday, September 26 by RBC Capital Markets. Keefe Bruyette & Woods maintained the shares of BAM in report on Friday, November 10 with “Buy” rating. Canaccord Genuity maintained it with “Buy” rating and $47.0 target in Monday, October 2 report. The rating was maintained by Keefe Bruyette & Woods with “Buy” on Monday, September 25. The stock has “Outperform” rating by BMO Capital Markets on Wednesday, September 30.

Mcdonald Capital Investors Inc, which manages about $914.34M and $1.21B US Long portfolio, decreased its stake in Fastenal Co (NASDAQ:FAST) by 168,695 shares to 2.00M shares, valued at $116.18 million in 2018Q3, according to the filing. It also reduced its holding in Roper Technologies Inc (NYSE:ROP) by 4,165 shares in the quarter, leaving it with 51,840 shares, and cut its stake in Union Pac Corp (NYSE:UNP).

Among 6 analysts covering Columbus McKinnon (NASDAQ:CMCO), 5 have Buy rating, 1 Sell and 0 Hold. Therefore 83% are positive. Columbus McKinnon has $50.0 highest and $17 lowest target. $42.50’s average target is 29.38% above currents $32.85 stock price. Columbus McKinnon had 11 analyst reports since July 29, 2015 according to SRatingsIntel. The stock has “Neutral” rating by Sidoti on Wednesday, December 7. Craig Hallum initiated Columbus McKinnon Corporation (NASDAQ:CMCO) rating on Monday, May 14. Craig Hallum has “Buy” rating and $4900 target. As per Wednesday, July 29, the company rating was upgraded by Sidoti. Seaport Global Securities downgraded it to “Neutral” rating and $17.0 target in Friday, January 15 report. The company was upgraded on Monday, January 23 by Seaport Global Securities. Seaport Global maintained Columbus McKinnon Corporation (NASDAQ:CMCO) on Wednesday, January 10 with “Buy” rating. The firm has “Sell” rating given on Monday, September 21 by Zacks. Sidoti upgraded the stock to “Buy” rating in Thursday, January 26 report. On Friday, July 28 the stock rating was initiated by Roth Capital with “Buy”. Roth Capital maintained Columbus McKinnon Corporation (NASDAQ:CMCO) on Thursday, November 2 with “Buy” rating.

Analysts await Columbus McKinnon Corporation (NASDAQ:CMCO) to report earnings on February, 5. They expect $0.54 EPS, up 22.73% or $0.10 from last year’s $0.44 per share. CMCO’s profit will be $12.61M for 15.21 P/E if the $0.54 EPS becomes a reality. After $0.70 actual EPS reported by Columbus McKinnon Corporation for the previous quarter, Wall Street now forecasts -22.86% negative EPS growth.

Columbus McKinnon Corporation (NASDAQ:CMCO) Institutional Positions Chart

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